Unlocking Opportunities in the Truck-as-a-Service Market: 2025-2034 Forecast Report

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Truck-as-a-Service Market Through 2025?
The market size of the truck-as-a-service has seen an explosive growth in recent years. Its size is predicted to increase from $34.25 billion in 2024 to $42.85 billion in 2025 with a compound annual growth rate (CAGR) of 25.1%. The expansion in the historical period can be credited to the enhancement of logistics and supply chain, cost efficiency and scalability, solutions for last-mile delivery, the boom in e-commerce, and the flexibility in fleet management.

What's the Projected Size of the Global Truck-as-a-Service Market by 2029?
Predictions for the future of the truck-as-a-service market point towards immense growth in the imminent years. The market is set to soar to a worth of $100.87 billion by 2029, expanding at a compound annual growth rate (CAGR) of 23.9%. Factors driving this anticipated growth in the forecast period are increased sustainable transport needs, globalization and trade growth, advancements in urbanization and smart city initiatives, rising trend of logistics outsourcing, and a fluctuating regulatory environment. Noteworthy trends for the upcoming period involve the use of on-demand trucking platforms, forming partnerships with e-commerce and retail companies, equipping trucks with enhanced safety and security features, customizing and personalizing truck services, and a focus on solutions that are both flexible and scalable.

View the full report here:
https://www.thebusinessresearchcompany.com/report/truck-as-a-service-global-market-report

Top Growth Drivers in the Truck-as-a-Service Industry: What's Accelerating the Market?
The truck-as-a-service market is predicted to expand due to a rising demand within the automotive industry. Spanning a wide range of businesses and institutions involved in designing, manufacturing, marketing, and selling vehicles, the automotive industry significantly benefits from truck-as-a-service, utilizing its service of insulated truck transportation for freight products. In September 2023, a House of Commons Library report indicated that in 2022, the motor vehicles and parts manufacturing sector injected approximately $16.4 billion into the economy, making up 0.6% of the UK's total output. BMW announced a substantial investment of $750 million into the Oxford MINI plant on September 11, 2023, aiming to transition to completely electric production by 2030. The manufacturing of two new electric models, the MINI Cooper 3-door and the MINI Aceman, is scheduled to start in 2026. Consequently, the global automotive industry's growing demand is fueling the growth of the truck-as-a-service market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9500&type=smp

What Trends Will Shape the Truck-as-a-Service Market Through 2029 and Beyond?
The rise of product innovations is a significant trend observed in the truck-as-a-service market. Mainstream companies in this sector are introducing groundbreaking products to reinforce their market appeal. For instance, Quantron, a Germany-based firm specializing in the electrification of vehicles and hydrogen-powered e-mobility services for commercial automobiles, unveiled Qargo 4 EV in April 2022. This new electric truck was designed for Quantron's truck-as-service business model. Impressively, it boasts unique attributes like a 3,300-millimeter wheelbase, a gross vehicle weight of 4,500 kilograms, and a load capacity of 1,600 kg. It's a lightweight vehicle, purpose-built for last-mile urban dispersal. Despite the manufacturer's claimed test range of 230 km, the latest Qargo 4 electric vehicle travels as far as 350 km, with a top speed of 90 kilometers per hour.

What Are the Main Segments in the Truck-as-a-Service Market?
The truck-as-a-service market covered in this report is segmented -

1) By Service: Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning
2) By End-User: Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-Users

Subsegments:
1) By Digital Freight Brokerage: Online Freight Matching Platforms, Freight Management Solutions
2) By Telematics: Vehicle Tracking Systems, Fleet Management Solutions
3) By Data Analytics: Predictive Maintenance Analytics, Route Optimization Analytics
4) By Truck Platooning: Autonomous Platooning Solutions, Cooperative Driving Systems

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9500&type=smp

Which Top Companies are Driving Growth in the Truck-as-a-Service Market?
Major companies operating in the truck-as-a-service market include Volkswagen AG, Daimler Truck AG, C.H. Robinson Worldwide, Inc., MAN Truck & Bus SE, Ryder System, Inc., Penske Truck Leasing Co., L.P., XPO Logistics, Inc., Landstar System, Inc., Knight-Swift Transportation Holdings Inc., Schneider National, Inc., Old Dominion Freight Line, Inc., ArcBest Corporation, YRC Worldwide Inc., Trimble Inc., Werner Enterprises, Inc., J.B. Hunt Transport Services, Inc., NFI Industries Inc., Saia, Inc., Universal Logistics Holdings, Inc., Marten Transport, Ltd., Covenant Logistics Group, Inc., Heartland Express, Inc., USA Truck, Inc., Roadrunner Transportation Systems, Inc., Road One, Inc., P.A.M. Transportation Services, Inc., Fleet Complete, Estes Express Lines, Fleet Advantage LLC., A. Duie Pyle, AAA Cooper Transportation, Dayton Freight Lines Inc., Oak Harbor Freight Lines Inc., Pitt Ohio Express, LLC, Ruan Transportation Management Systems, Southeastern Freight Lines

Which Regions Will Dominate the Truck-as-a-Service Market Through 2029?
North America was the largest region in the truck-as-a-service market in 2024. The regions covered in the truck-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9500

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.